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Wednesday, October 3, 2007

Websense Completes SurfControl Acquisition

San Diego-based Websense said today that it has closed its $400M acquisition of Surfcontrol plc, a provider of security software. WebSense had announced the acquisition in April, and had been waiting for regulatory approval for the deal. WebSense said that it will continue to support SurfControl's web filtering products through 2011, and will continue investments in development of SurfControl's email and web filtering software. WebSense funded the acquisition through cash on hand plus a $210M loan from Morgan Stanley Senior Funding and Bank of America NA.